XSB.TO vs. ^GSPC
Compare and contrast key facts about iShares Core Canadian Short Term Bond Index ETF (XSB.TO) and S&P 500 (^GSPC).
XSB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Nov 20, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSB.TO or ^GSPC.
Key characteristics
| XSB.TO | ^GSPC | |
|---|---|---|
| YTD Return | 4.63% | 25.45% |
| 1Y Return | 7.23% | 35.64% |
| 3Y Return (Ann) | 1.82% | 8.55% |
| 5Y Return (Ann) | 1.80% | 14.13% |
| 10Y Return (Ann) | 1.75% | 11.39% |
| Sharpe Ratio | 2.95 | 2.90 |
| Sortino Ratio | 4.76 | 3.87 |
| Omega Ratio | 1.61 | 1.54 |
| Calmar Ratio | 2.30 | 4.19 |
| Martin Ratio | 24.85 | 18.72 |
| Ulcer Index | 0.29% | 1.90% |
| Daily Std Dev | 2.48% | 12.27% |
| Max Drawdown | -8.65% | -56.78% |
| Current Drawdown | -0.47% | -0.29% |
Correlation
The correlation between XSB.TO and ^GSPC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XSB.TO vs. ^GSPC - Performance Comparison
In the year-to-date period, XSB.TO achieves a 4.63% return, which is significantly lower than ^GSPC's 25.45% return. Over the past 10 years, XSB.TO has underperformed ^GSPC with an annualized return of 1.75%, while ^GSPC has yielded a comparatively higher 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
XSB.TO vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
XSB.TO vs. ^GSPC - Drawdown Comparison
The maximum XSB.TO drawdown since its inception was -8.65%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XSB.TO and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
XSB.TO vs. ^GSPC - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 1.66%, while S&P 500 (^GSPC) has a volatility of 3.86%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.